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Chicago Real Estate Market Watch June 2014

JUNE SALES DATA FOR CITY OF CHICAGO

June Property sales were 2,446, down -9.8% from 2,712 in June of 2013 and 2.7% higher than the 2,381 sales last month. June 2014 sales were at a mid level compared to June of 2013 and 2012. June YTD sales of 11,618 are running -8.5% behind last year’s year-to-date sales of 12,695.

Prices

The Median Sales Price in June was $277,000, up 8.9% from $254,450 in June of 2013 and up 0.7% from $275,000 last month. The Average Sales Price in June was $360,955, up 7.5% from $335,817 in June of 2013 and up 6.4% from $339,249 last month. June 2014 ASP was at highest level compared to June of 2013 and 2012.

Inventory & MSI

The Total Inventory of Properties available for sale as of June was 8,613, down -1.5% from 8,740 last month and down -7.2% from 9,277 in June of last year. June 2014 Inventory was at the lowest level compared to June of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2014 MSI of 3.5 months was at a mid range compared with June of 2013 and 2012.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for June was 43, down -12.2% from 49 days last month and down -15.7% from 51 days in June of last year. The June 2014 DOM was at its lowest level compared with June of 2013 and 2012.

 

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Grilling Guide for 4th of July

Grilling Guide for 4th of July

Nothing says “freedom” like firing up the grill!

Nothing says “Freedom” like firing up the grill! BBQ is near and dear to the hearts of so many Americans. Looking for a grilling guide for 4th of July?  We’ve got you covered!  Here’s our guide to home cooking, 4th of July style!

Read more:  http://blog.coldwellbanker.com/grilling-guide-4th-july/?utm_source=dlvr.it&utm_medium=facebook&utm_campaign=grilling-guide-4th-july

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Chicago Home of the Week: An Entire 50th Floor Penthouse

Spectacular entire 50th floor penthouse -Brand new, never occupied- just completed build out from raw space. 6500sqft + 1000sqft private terraces. 360′ panoramic views. 3 bedroom 4 bath,media rm, dining rm, soaring ceiling heights. Every detail has been addressed w/the best quality materials: the hand carved fireplace, sumptuous master suite, stunning cook’s kitchen, and hand finished solid walnut floors throughout.

http://www.coldwellbankeronline.com/ID/3610330

For a showing contact:

Bryan Hayes, Broker, Coldwell Banker Residential Brokerage – Lake View  Continue reading

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Martin Sheen Supports Gov. Quinn’s Push for Raising Minimum Wage

Chicago (June 25, 2014) –  Actor Martin Sheen calls  Illinois Governor Pat Quinn’s efforts to raise the minimum wage a “moral issue” in letter to supporters.

Sheen admires Gov. Pat Quinn saying “He’s always fought the good fight — and we’re in a real fight now to raise the minimum wage in Illinois.” Continue reading

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Hyde Park’s finest. Beautiful Madison Park vintage 3 bedroom

Hyde Park’s finest. Beautiful Madison Park vintage 3 bedroom, 3 full baths with modern finishes. 

Serious professional kitchen with Viking range with grill & griddle, SubZero, farm sink, washer and dryer, Inviting formal Dining Room with original French doors that lead to a sun-drenched living room with decorative Fireplace. Tastefully rehabbed bathrooms. Great closet space and built-ins with add storage. 

To see this home go to CallMarnieFirst.comhttp://www.coldwellbankeronline.com/p…


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